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CNBC
Nov 15, 2012 3:00pm EST
loss. that's just the u.s. when you add in global markets, according to rich peterson at capital s&p, it's $1 trillion that's been taken out of market value just since the election. >> it's crazy. if you remember several months aer ago, i was on and we talked about technical levels in the market. i said 1350 is an important upside. we cleared that. now we're coming back down again. we're around 1353. if that doesn't hold as support rather than resistance, the next place between here and there, 1278 it the june lows. 1158 we were at last year. there's basically nothing between. where does that leave investors? the fed minutes came out yesterday with an indication there's still an appetite for easing. i think we're paving the way for a possible qe-4, especially pending what happens with the cliff. i think if we get this can kick thing, it's only going to add to uncertainty. a lot of folks are looking for alternatives, not stocks, high yield. they want something different. >> yeah, because they're afraid of equities. >> if you look at a the chart you had earlier and performance of the m
CNBC
Nov 29, 2012 3:00pm EST
fundamentals of the u.s. economy. >> maybe, and that's just today, right, ron? >> been since last week. >> we were talking about the market really being so sensitive to any rhetoric out of washington. >> i'm not saying it's not hostage to headlines. we'll get intraday volatility. from the monday before thank giving until now, we have effectively wiped out the losses we saw post-election. >> rick, how do you see it? market complacency, too much angst, are we overthinking this? how do you read the market right now? >> i think that the low volume movements of the equity markets aren't really telling you any information. there's no way even in aggregate a market could decide what's going on in harry reid or john boehner's brain in anything is going on in begin with. if you look at treasuries overlaid on top of equities, until mr. boehner's comments, the treasuries have taken the big picture on all of this. they're not going anywhere fast. fiscal cliff is important, but there's a lot of issues for the next several years that are going to be important to the treasury market. once his comments were
CNBC
Nov 27, 2012 3:00pm EST
couple of things. tensions in the mideast, of course concerns about the fiscal cliff here in the u.s. also, expectations we'll see further monetary easing in japan. all bullish for gold. taking a quick look at what happened in the energy complex. a mixed day there. crude pulling back despite some very good economic news. the dollar strength at play there as well. all of this as the december options expired. ahead of tomorrow's inventory report, which is expected to show a build in crude inventory. natural gas rebounding from yesterday's decline, which was spurred by the forecast for a warm december. back to you. >> all right, mary. thank you very much. >> all right. we've got 52 minutes before the closing bell. the dow jones industrial average off of its lows, down 55 points. the nasdaq is lower by -- fractionally lower. >> and don't look now, but just as housing is showing signs of life, congress may be taking away the mortgage interest deduction. we're going to look at that coming up here. >>> plus, congressional cliff divers we call them. we're going to hear from a democratic lawm
CNBC
Nov 5, 2012 3:00pm EST
dollar. this isn't issue number one for the u.s. economic recovery has been unsatisfying. that's one area where wall street is hoping that's the way it would go under a romney president and probably will go that way. >> what about taxes? let's go through the two plans on taxes. this is one of the more important yishdz for wall street, whether it's capital gains taxes, dividend taxes, ordinary income. let's define each side here. todd? >> well, look, romney's been very -- he wants a tax-friendly environment, maria. he's been vocal about that. i mean, that's just the culture of the gop. but then these guys are the odd couple. you have president obama who clearly is talking about higher taxes for the upper class and also thinking, have you to look at those other taxes, health care taxes, for example, that will impact the middle class. you have a romney presidency, you can only assume we have will have a cut in taxes but we need to resolve this fiscal cliff issue. it's not just resolving the fiscal cliff, it's also a long-term plan up. don't want to have to go through this every 12 m
CNBC
Nov 21, 2012 3:00pm EST
u.s., the germans, the french, the u.k., the japanese. month to date, the patterns are almost all die dent call. with all these variables, elections, mideast, fiscal cliff, it seems as though there's only so much flight to safety bid you can push into the marketplace. some traders say that's why you didn't notice. in the old days, it would make a difference. yields are already most accommodative from a nervousness standpoint. i will tell you it was the number one conversation. and even though it really isn't about oil, that's the market everybody is trading to of course kind of play the headlines. >> michael, how about you? how does this impact the way you're allocating capital? >> well, as you know, our strategy is about 45% in cash while the prefunctory -- what we'll have left to boost us higher. i think the market does go higher. here's why. you have $85 billion each month from the federal reserve as far as balance sheet expansion. you have negative real interest rates that will be getting even more negative. i expect inflation to take off significantly early in 2013. >> but if you
CNBC
Nov 26, 2012 3:00pm EST
in the u.s. this year. it's a huge company growing at a fast pace. as you heard the stories of tablets gaining market share and smartphones becoming a way to shop, we're in the early innings of internet taking share from brick and mortar. >> i know you're not stock pickers, per se, but who do you see out there that's doing a good job of handling cyber retail these days? >> i don't think there's any question amazon has the winner. it almost doesn't even matter. you asked about profitability and margins. it's almost irrelevant whether they'll have higher margins or not this year because what they're looking for is market share. they're looking for that wallet share. they want to make sure the consumer is spending money with amazon and not with anybody else. and they have other ways to make money, the marketplace. >> at some point they have to worry about that. but i get your point. who's a winner and loser when it comes to doing cyber sales well? >> i don't see any losers. i think most of the retailers are winners. the ones doing particularly well, aside from amazon, are your bes
CNBC
Nov 12, 2012 3:00pm EST
abundance of shale oil in the u.s. actually bring about energy independence by the year 2020? we drill for the truth straight ahead. and how rich is rich? the president wants higher taxes for americans earning more than $250,000 a year. is that fair? or should that number actually be $1 million? and could this be the key to resolving the looming fiscal cliff? that and a lot more is still to come on the "closing bell." >>> if a budget is not agreed upon to avoid the fiscal cliff, the average middle class family will pay $2,000 more in taxes. >> that's right. crunch time is upon us. the markets and economy will be held hostage until lawmakers do reach a deal on the fiscal cliff, presumably between now and the end of the year. >> eamon javers is breaking down the plan. over to you. >> just before the break, you and bill were debating whether or not it's too early to start getting sweaty palms about in fiscal cliff problem in washington. as a guy covering capitol hill for almost 20 years, i can tell you it's never too early to panic about what washington might do. we do have some cer
CNBC
Nov 19, 2012 3:00pm EST
latest is that the u.s. bankruptcy judge said that the parties have agreed to a medation in the prevention of shutting down hostess. that will likely be monitored by the same judge tomorrow morning at 11 a.m. this is an attempt to avoid a shutdown, even though in today's hearing the hostess brand lawyer said it would be, quote, very hard to recover from this damage even if there were to be an agreement in the near term. still unclear what this actually means for hostess's ability to operate is a going certain but still a positive move and we'll stay tuned to what actually happens tomorrow. >> he's put off the table for now chapter 7 or chapter 11, is that my understanding? he's going to get them to do a deal even though bakers have rejected? >> that's right. an alternative to liquidation for today. he's giving them till tomorrow to say, if quu agree on some terms in the private, the brain trust will be in a room trying to hammer out a deal. if not, more options will be on the table. at least for the next 24 hours it looks like liquidation is off the table. but just for this very
CNBC
Nov 13, 2012 3:00pm EST
step opening in the u.s. stock market. some of that could be attributable, i guess, to the plunge in spanish ten-year yields when rumors got out that maybe spain was going to ask for a bailout from the ecb. while we obsess so much on the fiscal cliff, the markets are paying close attention to what's going on in europe, yes? >> oh, well, i don't disagree. nothing gets past you, bill. i think the fiscal cliff for lack of any tangible movement there is up and center. look at the chart bill is referring to. at one point, we were up eight basis points on the ten-year in spain. by the end of the session, down three. the following charts might put a better face on it. if to you open the chart up to about a month, you can see that rates for the most part were about a one-month high in spain. if you look at their safe harbor counterparts, the exact mirror image of lower rates. the rumor is, hey, if you build it, a bailout facility, they will come. spain may be on their way, but it's still only rumor at this point. >> steven, how much of a factor is the europe story? are people talking about h
CNBC
Nov 14, 2012 3:00pm EST
nearly 5% selloff just since the election. so you say there's opportunities in the u.s. what are you hearing from your companies in terms of how they're going to adjust their business? >> well, i think, you know, that's one of the reasons that unemployment still remains high in the united states. we have uncertainty in tax policy. we have uncertainty in regulatory policies. so if you take from the first quarter of 2009 to the current date, revenue growth in the united states has been 35%. greater than it was between 1990 and 2007. >> right. >> that should have translated into 30,000 more jobs per month during this period of time. but it hasn't because business hasn't been willing to go out and hire people, bring full-time people on board because they don't know what the laws that are going to govern them from a regulatory standpoint, and they don't know what tax policy is going to be. >> why would you add heads to the payroll when you have no clarity on what your tax rate is going to be. what fees are involved in those agencies. >> right. >> so that's the issue. so would you be poise
CNBC
Nov 7, 2012 3:00pm EST
wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been propped up with some incertauncertainty. it's kept the market saying, are we going to get a change? it didn't matter who won. we've been f
CNBC
Nov 2, 2012 3:00pm EDT
doing the same thing. the u.s. chamber of commerce, though they didn't want us to have a camera in their phone banks, say they're also making millions of calls this weekend. everyone is trying to goose the turnout. the turnout by the two sides is what's going to tell us which of these poll models is correct. the likely voters are something that pollsters can only guess at. they're trying to turn likely voters into actual voters. >> all right, john. thanks so much. we'll keep watching that. very, very important component to this story. >>> 40 minutes before the closing bell sounds on wall street for friday. the market is under pressure today after being up 57 points on the better than expected jobs numbers. a complete reversal. we're looking at a triple-digit decline to end the week. >>> meantime, verizon is warning that now that superstorm sandy could significant hit its bottom line. what about at&t? has it been hit as well? comparing those two coming up next. >>> and how will sandy impact clorox? the ceo will join us exclusively later on the "closing bell." stay with ugh. ♪ ♪
CNBC
Nov 1, 2012 3:00pm EDT
across the nation, you know, the northeast consumes about 30% of the total u.s. demand for gasoline. you know, that demand is way down since there's not as many people driving. i think the impact on the nation's gas price is minimal. >> all right. >> mr. foutch, thanks for joining us today. appreciate it very much. >> thank you. >>> the latest pictures from downtown new york still pretty ugly. take a look at this picture i took on my way down here today. this is down the block. >> you took that today? >> i took this today, bill. >> the water hasn't changed at all. >> it hasn't changed from yesterday at all. i was just coming in. this is the thauunnel that leado the brooklyn battery tunnel. i got out of the car. the cops didn't want me to do it. >> they're not going to stop maria bartiromo. >> no, they did stop me. i took the shot and ran back in the car. isn't it extraordinary? >> i was thinking about that today. there are priorities that have to be set. you listen to mayor bloomberg. he's talking about priorities being getting food and water and power to the people of manhattan. transpo
CNBC
Nov 30, 2012 3:00pm EST
your finances and your surroundings. new research gives us some averages. in the u.s., the optimal salary for happiness is around $75,000. now, once you get to that level, more income doesn't bring much added happiness. for wealth, americans say they need about $1 million in total assets to feel wealthy. millionaires, they say they need at least $5 million to feel wealthy. the more you have, the more you need. that's true around the world as well. new data shows that globally people need income of $161,000 a year to feel truly happy. people in dubai and singapore, they needed the most since they have very heavy concentrations of millionaires in those countries. germans, they needed the least to feel happy. people in dubai and singapore needed more than $2.5 million to feel wealthy. these numbers are higher than the u.s. since they surveyed wealthier people. all of which shows that wealth, like happiness, is relative. i bet that lottery winner, he's rich and happy by just about any measure. back to you. >> yeah, i mean, wouldn't you be? >> well, you know, i'm like that 2-year-old. a
CNBC
Nov 6, 2012 3:00pm EST
standpoint, yes, maria, because most u.s. corporations are sitting on cash. as you saw profit margins hitting all-time highs. they're clearly not hiring a lot. at the end of the day, this whole economy and the stock market is about jobs. the market could be up even more if we start to see some job creation, but we can't be bidding stocks higher unless we start to see some in flows from our private client friends, who by the way, don't buy bond funds. we still think there's a lot of work to do on the investment side in terms of building further fundamental clarity with respect to the option of buying equities versus selling them. >> so you're not jumping on this bandwagon today, this rally we're seeing here? >> no, for one thing, we are just relieved that all of this election stuff is over. that's number one. number two, let's get back to the business of america and stocks going up in america as an asset looking very well on a longer term perspective. however, on a near-term basis, the market in our belief is well ahead of historical norms in terms of election years and fundamentally.
CNBC
Nov 8, 2012 3:00pm EST
, the u.s. stimulated the last crisis with our subprime crisis. the world was awash in debt. demographic trends were set to slow. now we have the same thing replaying with europe set to be the trigger this time with their sovereign debt crisis. we have even greater debt now in countries around the world. demographics is getting ready to slow more in the next few years. i think we're prime for a crisis. this time it's going to be europe that triggers it, not our fiscal cliff, not our fed. if we could take the whole world down, europe can take the whole world down. think of it this way. we've had two bubbles and we're in a third one. each bubble has taken us a little higher. each crash has taken us a little lower. 6,000 is simply the bottom trend line through those bottoms, including the 6440 in early 2009. it's a slight new low. it's not anything that should be unexpected given the trend. >> well, it's still, you know, half of where we are right now. it's only a two-year period. ron, take the other side of that. what do you think? >> i think it's a pretty easy other side to take. with res
CNBC
Nov 23, 2012 12:00pm EST
your long-term outlook is. if you're betting against u.s. growth, betting against -- or betting there will be a huge issues in the coming years on these -- on the deficit issue, you may want to keep it off the table. >>> there's a third area there. i don't talk to anybody, steve or our guest, who doesn't think the u.s. can easily ramp up growth. the real discussion i don't think is the true u.s. economy. i thinkist the moguling being throw in front of it, our self-inflected issues, you know, last time around we sequestration. are we going to have sequestration 2? of course we'll put a band-aid, but we need leverage to have reform predicated to surrender on the band-aid. >>> we've got to go, guys. i've got to go with this. we've got to move on. this is the last hour of trading, so we've got to move here. thank you for your thoughts today. steve, thank you, you're voting on a committee of politicians. i find hope in that somehow. >> yeah. you're in the hopeful camp. >> hoping at the last moment they will do the right thing. >> was that a pig that just flew by? the market is slowly
CNBC
Nov 20, 2012 3:00pm EST
all of yesterday's gains. we're also looking at the supply picture, which may be weighing on u.s. oil prices as well. we're going to get a report from the energy department tomorrow about crude supply situation. it's expected to show an increase for the week. we're also going to get tomorrow the supply situation for natural gas, a day early because of the thanksgiving holiday. >> all right, sharon. thanks so much. meanwhile, shares of consumer electronics retailer best buy down again today. down about 13% today alone after a massive earnings miss. this, even though best buy's new ceo, says he's optimistic. here's what hubert jolie told me last week. >> we're pretty excited. we have a lot of products coming on to the market. the apples products, windows 8. a lot of great releases. the associates are very ready to work with customers. we're turning the table on showrooming with price matching. we're ready for the holidays. >> so are you ready? is best buy a value or should we be staying away from this stock? let's start talking numbers now. we have richard ross. on the fundamentals
FOX Business
Nov 7, 2012 3:00pm EST
losses. now, on the upside, we've got a stronger u.s. currency. the u.s. dollar muscling higher, finding firmer footing and hitting a two-month high against the euro today. but the price of oil in part because of the stronger dollar -- stronger dollar is lower. crude oil dropping today after the energy information administration reported a bigger than expected build in crude supplies. we get it every wednesday. that was of course for the last week, plus european central bank president's draghi negative comments about the euro zone economy, all of this weighing on oil. we see oil moving to the down side. speaking of europe, take a look at this video right now. came in a few minutes ago. more than 80,000 greek protesters outside of parliament turning violent ahead of the austerity vote to avoid financial disaster. we have had reports of fires burning, smoke as we're seeing the sun go down at this point, not going to be a good night there in greece. we are keeping our eye on that very fluid situation. protests, elections, hurricanes, nor'easters. okay, is lightning striking me here
FOX Business
Nov 27, 2012 3:00pm EST
just green, that's it. markets had been torn between solid manufacturing we got here in the u.s. this morning, october durable goods orders, big gigantic items that are supposed to last more than three to five years, washing machines, that number came in ahead of expectations in october rising to five month high. if you include things like cars and trucks and then take out airplanes, out of the equation, that's what happened. we did get some relief for greece. finance ministers say yes to the next installment of loans essentially kicking the can down the road one more time, but for the moment the markets like it. a washington, a fly in the ointment, deal negotiations have stalled. senate majority leader reid says little progress is being made so the fiscal cliff remains a distinct possibility come january 1st, keeping some buyers on the side lines as well. that's what you see here. coming up, governors can't afford to stall. they have to balance their budget. day two of our governors on the edge, our series on how individual states are dealing with the budget mess. it is a fox busines
CNBC
Nov 13, 2012 4:00pm EST
the world. the u.s. is starting to show good trends. in an area that capital spending might be flat or plus 2%, enterprise is starting to show some signs of coming back outside of europe. commercial marketplace, which is what i watch the most, is also doing okay. so i would assume government's going to continue to be tough, especially the u.s. federal government. public sector around the world, okay. in the u.s., not counting federal. good in asia-pacific. still challenging in europe. >> we're looking at challenges in the u.s., obviously. i want to get your take on what's going on with with taxes and what your expectations are. first off, you've got 87% of total cash held overseas. is that right? >> that is probably pretty accurate. probably in excess of $40 billion. >> what are the pans to repay trait? is it worth taking a tax hit to invest domestically, or it's too expensi expensive, so you leave that money overseas until you see a change in tax code? >> we're at a cross roads. we clearly want to put this money to use in a way that benefits our shareholders. if we begin to invest
FOX Business
Nov 2, 2012 3:00pm EDT
be looking outside the u.s. glove up their it has not these people's concerns about their money and savings. our next guest talks about why this may be outside of our borders. don't go away. liz: take a look on the screen right now. we have priceline, to travel stocks, priceline.com, strong quarterly earnings. burchard advisors part, they lead the way. 20% of the day and we have other travel sites getting swept up in all of us. a very big boost from all of this. sending green arrows all across the board for many of these, including kayak and orbitz. getting to big news. this has become a staging area for emergency vehicles. coming to us courtesy of wnyw. everyone is waiting with the emergency vehicles, ambulances, waiting. the question is, what do they waited -- what are they waiting for? due to gridlock issues and other issues, it is not looking good. some people say that it is good to keep business up and it is good to keep going, but sometimes it's not easy during the state street investor sentiments may be a little too lax. we have a guest joining us on a fox business exclusive.
CNBC
Nov 23, 2012 1:00pm EST
. but as i look into next year, i see things that are happening not only in the u.s. but on a global basis. it would lead me to believe that the market could be up 10% or more next year. i would -- >> what are you seeing when you say you are looking around the world that makes you believe we'll go higher? >> i see several things. i see emerging markets have slurmd in the second half of the year. i think those are improving, specifically in china. i see the eurozone committed to economic stimulus through their monetary system in the ecb. i think that's very positive for that market. and in the u.s. here, i see employment getting better. i see clarity on the fiscal cliff next year and i see the housing market getting better around better and i think that's a positive. >> rick santelli, it wasn't just stocks rallying today. here in the u.s., europe had its best week of the year this week. the euro is at a three-week high. gold was very strong today. what's the market telling us right now? >> i think the market's telling us that there's a lot of bargain hunting and a lot of optimism towa
FOX Business
Nov 20, 2012 3:00pm EST
lot of our cash that's generated outside the u.s. and that puts a ceiling on how much dividend we can give back to our shareholders. hopefully through this reform process, through the tax reform process, there will be more favorable regulations regarding overseas income, and when and if that happens, you know, we'll look at our dividend again, but right now we're really constrained by the fact that a lot of our cash is generated outside the u.s. liz: with the president re-elected, four more years, would you like to get his ear, and if so, if you got it, what would you tell president obama about business and about what you do? >> well, a number of things. you know, first of all, move more quickly in healthcare towards pay for value. i think that in the end is extremely important as opposed to pay for procedure, for the overall health of healthcare and matching the cost and value of healthcare. the second area is really the one i touched upon, get tax reform done, help us with maybe some form of territorial tax and help us with income that's generated outside the u.s. liz: are you o
CNBC
Nov 21, 2012 4:00pm EST
well as u.s. and domestic. >> i'm not sure if you heard the last interview, but we spoke with one of your union members from the bakers union. he basically said, look, you can't negotiate with terrorists, and they were stealing our pension. in retrospect, was there an area where you could have given to keep some of these union members happier? >> well, you know, it's interesting. i think, you know, i came on board in february after the bankruptcy filing to try to get the company out. and i would readily admit, i think there's a lot of bad history here and a lot of places to point the finger for blame. i don't spend a lot of time doing that because that's sort of like bayonetting the dead in the battlefield. if i could look back, i would say i think there were management mistakes. i think there were union mistakes. as a turnaround guy, i think it should have been done prefiling. these parties negotiated all last year and never got anywhere. i think in retrospect, you could always do different things and have a different outcome. >> what was the most costly sort of want on the union si
CNBC
Nov 2, 2012 4:00pm EDT
. >> what are you seeing in market demand globally? sales increased in the u.s. and abroad. are you seeing a stronger global story today? >> we are. about 2/3 of our business is in latin america. most of the latin american countries in the mid-single digits. we see better category growth in general. category growth in the u.s. is picking up, however. we saw about almost 1.5% to 2% category growth in the u.s. that's a big reversal from where it was two years ago where it was down 2%. we're starting to see the consumer stabilize in the u.s. we're certainly seeing better growth in latin america in particular. >> let me ask you about the implications of hurricane sandy. first off, these gas lines in new york. the story has been just horrible with people unable to get gasoline because these gas stations do not have power. has this impacted your business? >> it hasn't yet, maria. we have one major manufacturing facility in the path of the storm. that was in aberdeen, maryland. our folk there is had the plant shut down for about 24 hours from midday monday to midday tuesday. big issue has
CNBC
Nov 6, 2012 4:00pm EST
. keep in mind that the u.s. economy is still growing at a 1% to 2% happenedndle on gdp. like your previous guests mentioned, this fiscal drag that will occur in 2013. so, you know, 1% move in the market today is just noise. we have to look towards what global gdp is going over the course of the next 18 months. that's decelerating. >> so what you're saying, chad, is it doesn't mat who ater who the white house. >> 2013 is going to look exactly like 2012. global gdp will be decelerating. the u.s. economy should perhaps be at a 1% to 2% gdp growth trajectory. that's including a fiscal drag in the united states of about 1%. that's our baseline assumption. but one should consider also that over in europe, you're going to be going into a recession in 2013. and our expectation there is for, perhaps, a 1% contraction. that's going to affect the financial markets here in the united states. one should not dilute themselves of that fact. >> maria, i think that the market today is probably as much about just election uncertainty coming out of the market, not about whether it's a romney or obam
FOX Business
Nov 12, 2012 3:00pm EST
u.s., in the past always been a concern to equity risks in general. if you want to understand what the oil market has been this year and energy market in general, two key relationships. the first is between wti and brent. we have seen that thread work out to all-time highs. i believe right now december on december, is about $23. meaning the price of brent is $23 higher than price of wti. that can be explained by what came out of the report today. there's a shift taking place. obviously supply in the united states is at highs. and cheap oil in general is a very bullish thing for commodities. where cheap oil begins to become a problem like in 08 is if it's associated with weak economic growth. we need to keep that balance very close and watch that as we head throughout the week here. cheryl: john, one thing i will say as a caveat there is that the weather, which is always unpredictable looking like it is going to be a really rough winter, heating oil, things like that, are you making bets in those markets now? >> you know, it is funny because if you look at hurricane sandy and what i
FOX Business
Nov 30, 2012 3:00pm EST
charges with the securities and exchange commission in burger king before the second-largest u.s. fast-food chain agreed to a buyout back in 2010. the sec alleged $1.5 million were made in illicit profits. burger king was purchased by 3d capital partners for $3.3 billion. now we continue count down to the closing bell with liz claman. >> charlie gasparino comes rolling down the fence, dumps six points. charlie: i have been talking up this market forever. liz: one fast-food company may have been off more it can chew in china but lauren simonetti at the stock exchange. >> yum brands warning of a drop in sales in chhna, their biggest market this quarter, but the reaction down 10% at 6684 for the owner of taco bell, pizza hut and kfc. as one person is saying the stock is oversold because yesterday they were at the highest level ever. the research firm says the media is creating a china scare, yum brands of our diverse and it is a good pick for the long term but nonetheless second biggest loser on the s&p 500. liz: we like the leadership there. thank you very much. the battle over nig
CNBC
Nov 27, 2012 4:00pm EST
we were following today. zion is a stock on the radar today. the u.s. treasury will sell and conduct auctions to tell warrant positions in the name. also, hpq, that saga continues after a request from the former autonomy ceo to acquisition details of accounting fraud. some pockets of strength today. we were led higher by monster beverage. just one of those names people love to trade. regulatory fears subsiding a bit in that name. also want to draw your attention to corning. that stock getting a pop. last but not least, best buy. positive speculation in this name relating to a bid from the company's founder sending the stock up more than 3%. michelle. >> thank you so much, jackie. all right. just 34 days to go before we go over the fiscal cliff. >> oh, boy. >> i want to call it the fc. can't we get an abbreviation? we're going to l.a. we're going to ec. we're going over the fc. >> sounds good. >> are shareholders best served by companies paying dividends now? someone who's going to join us says absolutely not. find out why. >>> also, later, who would have thunk financial adviser tells
FOX Business
Nov 5, 2012 3:00pm EST
situation t g-20 -- the g 20 and our own u.s. elections so this tape is pretty susceptible to some volatility. liz: it truly looks like it is at this point. so is energy. we are looking at an energy market that was down rather pointedly on friday, but now it is up not that dramatically. we keep looking at this stock, nrc, they of course make generators, up another 11%. it's seen a jump of more than 40% since the storm hit. and it just makes it look like the one sort of business angle out of all of this, and what we have learned is gasoline, boy,ly tell you something, no power, no gasoline, people are trying to already plan ahead. >> yeah, i know. we rallied here about a dollar towards the close here, kind of unchanged about 1:00, and had a good rally to end the day. i mean, everywhere -- i live in new jersey, and everyone i know or most people have a generator and their biggest concern isn't really whether they have electricity it is about whether they can get gas. it hasn't been that bad. the closer you are to the city, it is bad. if you go out to western jersey or down to souther
FOX Business
Nov 15, 2012 3:00pm EST
u.s. history. shares of bp moving slightly higher today but down 7% this year. let's check out gold, sliding to a one week low acting more like a commodity than a save haven in this volatile market. we talked to george euro on thursday and he said it is not be taking how you think it would for a couple reasons, number one being people don't have enough money to buy gold. when you hear that 60% of the s&p 500 companies are in correction territory i begin to wonder do any of our traders think this is a screaming buy for the markets or are they saying this is a past thing? traders at the stock exchange, cme group and nynex, john cortines, screaming buy or dipping your toe in or standing by? >> you got a special co-host on monday, myself, i am looking forward to that. , and i'm looking forward to the experience. the market does not have enough strength. and other trading days this session. the market runs out of steam. it is not so far today. investors look at this, they see red and the market down. this adds to the negative sentiment. a short week, holiday week. and away from trading,
CNBC
Nov 20, 2012 4:00pm EST
. he says failure to do so could pose, quote, a substantial threat to the u.s. economy. >> the realization of all the automatic tax increase and spending cuts that make up the fiscal cliff absent offsetting changes would pose a substantial threat to the recovery. indeed, by the reckoning of the congressional budget office, the cbo, and that of many outside observers. a fiscal shock of that size would send the economy toppling back into recession. >> but the fiscal cliff does not really worry my next guest. he describes it as the y2k of the moment. joining me now to explain is a well-known fed critic jim grant. he's founder and editor of "grant's interest rate observer." you say this is like y2k. no big deal. came and went. you're not worried about it. you say the markets aren't going to fret over it. >> i don't mean to be quite so dismissive. certainly my experience of problems that are most ventilated are the ones that are least menacing, in fact. the more you talk about something, the more it's likely to be discounted. we've done nothing but talk about the fiscal cliff. >> at
FOX Business
Nov 28, 2012 3:00pm EST
royal libyan family. he is back in his job is to sell libya on u.s. companies. find out what he thinks there is a big payoff for american businnss. a fox business exclusive. having you ship my gifts couldn't beasier. well, having a t olocations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. melissa: green mountain is percolating up more than 28% on monster volume. a great move, so it is our power mover of the day. i picked up a one-month chart, is pretty dramatic. treating the shorts like roadkill. 33% of the stock is short. a one-week picture, that is even more dramatic, but the shorts have been squeezed creating tremendous time pressure especiallspecially when there is like earnings, fourth-quarter numbers beating estimates all apart to the new curate machine. it makes cappuccinos and lipase, if you get excited about this, let me pour coffee on your parade. do you believe there is no growth anywhere in the world? check out libya. as long as you can
FOX Business
Nov 19, 2012 3:00pm EST
here, a u.s. bankruptcy judge that the parties have agreed to mediation here, we're talking about of course hostess and the unions. they've agreed to a mediation tomorrow in the hostess case. remember, hostess had filed to liquidate basically, the bankruptcy judge says he's concerned about job losses, looking at about 18 1/2 thousand job losses after 33 plants that have been shut down by hostess, they make the twinkies. bankruptcy judge says the case is adjourned until 11:00 a.m. wednesday to make room for the mediation tomorrow. he had ordered the two sides to go back and talk. we will see if they can come up with anything before. remember keep in mind the bakers union unable to come to agreement with concessions with management there at hostess. we will continue to follow this very closely. back to you, liz. liz: diners all around the nation were having to change and black out certain parts of their menu, frozen and the -- right. robert: the deep-fried -- liz: can't do that. it just scares me. thank you very much. with the s&p erasing its losses from last week, is this a time where
CNBC
Nov 15, 2012 4:00pm EST
worst case scenario has stocks dropping 50% here in the u.s. and unemployment spiking another 4%. what's different this year in the worst case scenario, the federal reserve is including a hypothetical slip down in asia with additional weakness in china. back to you. >> all right, mary. thank you so much. keep it right here. alan simpson and erskine bowles are next on this special "rise above" edition of the "closing bell." >>> coming up, fixing the fiscal mess. alan simpson and erskine bowles sit down with maria on the eve of the critical meeting between the president and congressional leaders. could their plan be the key to stopping america from going over the fiscal cliff? this exclusive event is next right here on this special edition of the "closing bell." iy stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more
FOX Business
Nov 1, 2012 3:00pm EDT
corporate earnings or at least some of them this quarter. u.s. chief market strategist for ing investment management, 170 billion in assets over there, he is joining us exclusively. i don't know where to start. we have the corporate earnings picture which to me wasn't that bad. somebody yesterday told me what do you mean 72% have beat on their estimates of s&p 500 companies, the beats weren't that great, but i'm looking for silver linings. you see this carrying over into q4? >> yes, the big number today is manufacturing. why it's so important, it is a predictor of future corporate earnings. i was very concerned when i saw three consecutive months during the summer of negative manufacturing. it looks like this third quarter was predicting the negative earnings. we are at negative earnings -- corporate earnings about minus 1, minus 2 percent. but we just had a second consecutive positive manufacturing. ism manufacturing is always the first day of a new month. and this was over expectations. we are expecting a pullback. this is what surprised the market. this is what set off the r
FOX Business
Nov 9, 2012 3:00pm EST
. and you say that can't be. u.s. treasuries as scary as this is are still a great bet because they are the place to hide. >> today we have a very sustainable recovery in automotives, driven by genuine replacement need, great new product and terrific financing, and the industry is profitable at the retail, the buyer and manufacturer levels. it is a bright spot in the u.s. economy. >> you look at our guidance on device shipments, we actually took our numbers down in developed markets and up in emerging markets so it's a lot of strength in the emerging markets, and i think that's going to continue to go forward. liz: business leaders, that's what you get on this show. they speak to fox business. they tell you the real story of what is going on out there. closing bell ringing in 29 minutes. s&p is still up by more than 4 points. we have a little breathing room here. the verdict is jackpot. one of the tv judges is about to be featured on a brand new slot machine. that's right. instead of having out verdicts, they could be handing you some big winnings. up next, a fox business exclusive. the
CNBC
Nov 8, 2012 4:00pm EST
2%. we're up as much as 2.5% minutes before the close. u.s. regulators approve jpmorgan's $3 billion stock buyback. that was lifting shares earlier. as you can see, finished lower with the rest of the group at the end of trade. hospital stocks did soar wednesday now that we know obamacare is likely here to stay. now hoptd names are selling off. down about 4% or more. those concerns about coal persisted in thursday's trade. they continued to slide lower as investors bet the president's re-election will lead to increased regulation for the industry. we know mitt romney was more of a fan of coal stocks. but he will not be our president. we now know. mar maria, back to you. >> court, thanks. meanwhile, what's the deal with groupon? the daily deal website's latest results out just minutes ago. we'll talk about what groupon needs to survive. the story next. plus, more on this busy edition of the "closing bell." >>> coming up, the empire strikes gold? >> hello there. >> disney's ceo bob iger joins maria for a first-on interview to talk earnings and the acquisition that adds the star
FOX Business
Nov 14, 2012 3:00pm EST
possible recession if the deal on taxes is not reached. investors continued to worry if the u.s. will avoid the dreaded fiscal cliff, let's not point out the most previous minutes. plus retail cannot escape hurricane sandy. sending sales numbers down about 1%. a 4% rise in profits, jumping as much as 32% right now. staples looking good after having higher on all kinds of news. check out what else is soaring today. finally getting an earnings report that people like better-than-expected earnings after the bell yesterday, expected optimistic guidance. the chairman and ceo, 24 hours since those numbers came out, we will ask him if he investors should be expecting more numbers like today and what does he think about the fiscal cliff. what ideas does he have the president right now. and why we dropped 50 points farther from where we were already. down about 78 points, fell 122 down, now it does not look good. why? >> why? i thought maybe you would say something positive. i think we are just dealing with the aftermath of the election. this is not unexpected. it is the same old rhetori
FOX Business
Nov 21, 2012 3:00pm EST
going to the euro dolla euro dollar and e u.s. dollar. let's wait and see how this plays out on monday, it ought to be very interesting. cheryl: it is never boring. let's go over to the nymex. tom, certainly not boring in the oil market in particular watching all of the news unfolding out of the middle east. how are you feeling? >> i'm glad it's wednesday, i'md i'm glad we are closed. up $1 on the open and gave it all back, ending up with a rally at the end of the day. you would see oil probably six or $7 cheaper. as long as there are problems in the middle east, you will see oil maintaining above $85. cheryl: $6 or $7 cheaper, why do you say that specifically? is their lack of demand, traditional winter driving season, what is it? >> it is a combination of them. we are driving even less than we normally do in the summer. i think also you will see the dollar strengthen as your previous guest said. the dollar will be a flight to safety, nfs gets stronger, oil should go lower. it'll be held up by the middle east. cheryl: thank you to all of you. going into the holiday tomorrow. th
CNBC
Nov 30, 2012 4:00pm EST
fundamentals in the u.s. economy are clearly improving, and you also have a stabilization or soft landing happening in china at the same time. >> david kelly, what do you want to be doing here? what's your strategy for the fiscal cliff? do you think we go over it, and what do you want to do? >> for a long-term investor, you don't try and play this one. i agree with stephanie about the market probably going higher once they get a resolution. they will get a resolution. it's possible it could go into early january. i still think they're more likely to get a resolution done before the end of the year. either way, they'll get a resolution done. when that happens, then we'll resort to looking at the u.s. economy, which is strengthening a bit here. also, the extreme and relative valuations between high-quality fixed income and equities will push money towards equities. i would not run for cover here because of the volatility. i think you just have to, you know, hold your ground through this and hope that the market moves higher next year. >> bob, this activity at the close today, you su
CNBC
Nov 12, 2012 4:00pm EST
opportunities to take gains over the course of the year. thankfully we've been very u.s.-centric in our investments over the course of 2011-2012. what we're preparing for now is looking again at the foreign markets in 2013. >> foreign markets meaning you want to be allocating money outside of the u.s. because of these issues in the u.s.? >> well, taking a look at some of the large global players here in the u.s. and outside, because as tax rates go up here in the united states, what we're about to see is probably the laugher curve in reverse. tax rates going up, revenues declining, creating a headwind for gdp. we're look at companies in the world for looking for global growth opportunity outside our borders. >> mark, let me get your standpoint on this. all year all we've been hearing about are dividend payers. why? because the yield -- there's no yield anywhere with rates where they are. everyone is searching for yield. they've found it in some companies that actually pay dividend, etf that pay dividend. there's a lot of those that have done so well. is this the time to avoid or sell th
FOX Business
Nov 23, 2012 12:00pm EST
with their family. cheryl: is international crucial part of the business as the u.s. economy tries to rebuild itself? >> it is an important part of the businnss. also challenged. you have to look at europe and what is going on, european travelers are not going to be traveling to the extent they have in the past but then you have brazil which is a growing and booming business in terms of traveling into new york and los angeles and florida certainly and the asian market. the fastest growing talk in terms of international stocks. i am hoping these international travelers will upset what is going on in europe today and overall similar -- this tour was unbelievable in terms of the international countries coming in this morning. i must have heard 50 different languages standing at the door in 18 minutes so clearly the international traveler at the square. cheryl: let me ask about the u.s. economy. a big discussion many ceos are telling us the fiscal cliff isn't passing uncertainty, makes them nervous. what will my tax rate look like next year? what will regulation look like? what will re
CNBC
Nov 29, 2012 4:00pm EST
u.s. high yield, which i still think is valuable. we do think spreads will contract and emerging market equities as well. >> jordan, what about you? how are you preparing for what could be an eventuality where we go over the cliff and we've got to deal with higher taxes and a slower economy? a lot of people expecting recession in 2013, if, in fact, this occurs. >> think about what works well in a slow-growth economy. consumer products companies do well. high dividend payers. you'll see 100 companies that have already declared dividends this month. those are the strongest companies in the market. those are the ones that can afford to buy back shares or invest in high r.o.e. projects next year. i wouldn't avoid them just thinking dividend taxes are going up. they're the strongest in the market. you also have energy infrastructure, which is paying about 6%. most of it is a return of principle. these are companies with some of the lowest cost of capital ever. high return projects, long-term contracts. the government is in support of energy independence in this country, so we don't th
CNBC
Nov 1, 2012 4:00pm EDT
straightened out. >> yeah, so, i mean, if we do get an agreement in six months, does that mean that the u.s. doesn't go into a recession? >> well, first i want to say the metaphor fiscal cliff is probably the wrong one. you step off a cliff, that's your last step. for many politicians, the real metaphor is it's a slope. they gradually go into these tax increases and spending cuts. they feel they can turn around and walk back up the slope, retroactively reverse the changes. in that circumstance, in that scenario, it creates a lot of uncertainty for businesses and for taxpayers. what will our taxes be next year? how are we going to make some plans for our business or personal finances? it's that uncertainty that's going to, i think, have adverse effects for the economy. >> okay. that makes a lot of sense. michael jones, how do you want to invest here with all this? >> i think there are times when the market is really simple. don't fight the fed. you certainly don't want to fight the fed when they've got the ecb, the bank of japan, the people's bank of china, and virtually every other central
FOX Business
Nov 13, 2012 3:00pm EST
u.s. this will be punctuated supremely by the noises in the narrative coming out of washington. the president is meeting with business leaders or he's meeting with labor unions and nonprofits today. business leaders tomorrow. and then legislators on the third day. an interestingly enough there's no wall street or banking business leaders outside of american express and that group. i suppose elections have challenges when they happen, they have consequences when they happen. that's what we will see with these discussions. cheryl: you still stay market is oversold. if that were truly the case, why even on a day like today, when we were up almost 100 points and then boom a pullback, it seems like if we're that oversold, there's buying opportunities on a day like today. >> we've had the market oversold with some of our quantitative work since middle of september. because of overhang of all the issues we're dealing with. europe came back into the fore right up to the election. the market can't get back on its feet. in our work we would go s&p 500 -- we would go neutral on the s&p 500 aro
CNBC
Nov 14, 2012 4:00pm EST
is some risk there and maybe something needs to be done. but we're lumping in u.s. treasury money funds, u.s. government agency money funds, muni money funds. are we going to say they're subject to credit loss also? we have to get more specific about these major policy changes rather than throwing a blanket over an entire industry. >> great point. we're going to leave it there. you're betting on whether or not we go over the fiscal cliff this year. what do you think? >> i'm worried. >> you're frworried. >> i don't see the leadership at this point in time i'm hoping to see from the white house. >> walt, great to have you on the program. really appreciate it. walter is the president and ceo of the charles schwab corporation. >>> meanwhile, the honeywell ceo was at that fiscal cliff meeting with president obama today. it just wrapped up. he joins us now for a first-on cnbc interview from the white house. david, good to have you on the program. thank you so much for joining us. >> thanks. good to be here. >> okay. so leading up to this meeting with the president, you were skeptiabou s
FOX Business
Nov 29, 2012 3:00pm EST
, despite what happens in the u.s. liz: who made that? >> europe 600. liz: some of the biggest names in europe. it is an interesting point. >> i look at copper, silver, look at the euro bought 130, we saw weakness in the dollar and the equity market right or wrong proceeds weakness in the dollar. if you want to look at oil today and next week we have some real concerns, adp on manufacturing, a chance for that to come in on the cycle of the market will pull back it will come in the middle of next week off until december 12 and the poetry election, is the question of strength and weakness looking at the economic calendar as well. liz: we will talk about the japanese parliamentary election. thanks to all of you for joining us on the floor. talk about headlines missed. the market practically hugging every word that comes out of washington whether it is president obama making comments, speaker john boehner, harry reid, the market tanks and any signs of disagreement. don't fret, next guest is here to tell you about how to behave in this atmosphere in a way he believes will make you money. joi
CNBC
Nov 26, 2012 4:00pm EST
. eamon, thanks very much. >>> clicks and profits, u.s. consumers are expected to spend at least $1.5 billion on this cyber monday. we'll run through the cyber winners and losers next. >>> here's another number. $5 billion, that's how much americans are expected to spend on christmas gifts for their pets this year. we'll talk to petsmart ceo in a cnbc exclusive about his company's share of this huge holiday booty coming up. >>> plus, flu shot or your job? 150 employees getting canned the day before thanksgiving for refusing to get flu shots. is that legal? stay with us. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. the potential of yelp unlocked. nyse euro
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